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Showing 121 - 130 of 1176 results for "Pension Fund"

MLC Super to slash admin fees for members

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
Most members will save about $100 per year after the reductions, while some will save as much as $375. MLC Super said the majority of members in its MLC MasterKey and Plum range will pay less in administration fees from October 1. MLC general manager ...

China to raise retirement age from 2025

JAMIE WILLIAMSON  |  MONDAY, 16 SEP 2024
... retirement by three years. It follows modelling from the Chinese Academy of Social Studies that found the main state pension fund will run out of money by 2035 if nothing is done. It's estimated China's public pension bill is currently more than ...

Aussie super funds climb ranks, government funds slide

JAMIE WILLIAMSON  |  TUESDAY, 10 SEP 2024
... Japan's Government Pension Investment Fund, however it is predicted to soon be overtaken by Norway's Government Pension Fund, with only about US$10 billion now separating them. The report explained that, in 2023, the top 300 pension funds' ...

South Africa readies 'two pot' pension system

MATTHEW WAI  |  WEDNESDAY, 28 AUG 2024
On September 1, South Africa's new pensions system will be introduced, allowing individuals to access some of their retirement savings in times of need. Earlier this year, the government of South Africa passed the Revenue Laws Amendment Bill of ...

UK pension giant eyes Australian timber

JAMIE WILLIAMSON  |  FRIDAY, 9 AUG 2024
... establishing an evergreen timberland fund and has its sights set on opportunities in Australia. The $70 billion workplace pension fund has enlisted Campbell Global, J.P. Morgan Asset Management's timberland investment advisory company, to develop a portfolio ...

AMP Super trustee has additional licence conditions removed

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... Financial Services Royal Commission. N.M. Super, which controls the AMP Super Fund and Wealth Personal Superannuation and Pension Fund, which collectively manage approximately $114 billion in assets, was initially issued directions and additional licence ...

BNP Paribas in talks to buy AXA Investment Managers

JAMIE WILLIAMSON  |  FRIDAY, 2 AUG 2024
AXA is at the pointy end of discussions with BNP Paribas to offload its asset management business for $8.5 billion. AXA Investment Managers has been part of the AXA Group for 25 years and, in that time, has grown to house some $1.4 trillion (€850 ...

World's largest pension fund returns 22.67%

ANDREW MCKEAN  |  MONDAY, 8 JUL 2024
... can cause short-term capital losses, long-term investment income remains relatively stable. Since fiscal 2001, the pension fund has accumulated returns totalling $1.42 trillion. As of the end of fiscal 2023, the value of GPIF's investment assets ...

Hamilton Lane closes largest raise at $8.4bn

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
Hamilton Lane announced the final closing of Hamilton Lane Secondary Fund VI with US$5.6 billion (AU$8.4 billion) in commitments, marking the largest fundraise in the firm's history. Fund VI materially exceeded its original US$5 billion target, seeing ...

Palisade Real Assets wins mandate

KARREN VERGARA  |  WEDNESDAY, 19 JUN 2024
... from a major European asset manager. APG Asset Management awarded the mandate on behalf of Netherlands' major pension fund ABP, which oversees some €500 billion ($805bn) in assets. The fund, BioticNRG, invests in a pipeline of anaerobic digestion ...